PT Sinar Mas Multiartha Tbk (ISX:SMMA) Debt-to-Equity : 0.47 (As of Dec. 2023)

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What is PT Sinar Mas Multiartha Tbk Debt-to-Equity?

PT Sinar Mas Multiartha Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp2,086,386 Mil. PT Sinar Mas Multiartha Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp8,470,184 Mil. PT Sinar Mas Multiartha Tbk's Total Stockholders Equity for the quarter that ended in Dec. 2023 was Rp22,279,674 Mil. PT Sinar Mas Multiartha Tbk's debt to equity for the quarter that ended in Dec. 2023 was 0.47.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PT Sinar Mas Multiartha Tbk's Debt-to-Equity or its related term are showing as below:

ISX:SMMA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.32 Max: 0.51
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of PT Sinar Mas Multiartha Tbk was 0.51. The lowest was 0.15. And the median was 0.32.

ISX:SMMA's Debt-to-Equity is ranked worse than
71.47% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs ISX:SMMA: 0.47

PT Sinar Mas Multiartha Tbk Debt-to-Equity Historical Data

The historical data trend for PT Sinar Mas Multiartha Tbk's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PT Sinar Mas Multiartha Tbk Debt-to-Equity Chart

PT Sinar Mas Multiartha Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.36

0.39

0.51

0.47

PT Sinar Mas Multiartha Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.52	0.52	0.46	0.47

Competitive Comparison of PT Sinar Mas Multiartha Tbk's Debt-to-Equity

For the Insurance - Diversified subindustry, PT Sinar Mas Multiartha Tbk's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PT Sinar Mas Multiartha Tbk's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PT Sinar Mas Multiartha Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Sinar Mas Multiartha Tbk's Debt-to-Equity falls into.

PT Sinar Mas Multiartha Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Sinar Mas Multiartha Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2086386	+	8470184)	/	22279674
	=	0.47

PT Sinar Mas Multiartha Tbk's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2086386	+	8470184)	/	22279674
	=	0.47

PT Sinar Mas Multiartha Tbk (ISX:SMMA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PT Sinar Mas Multiartha Tbk Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PT Sinar Mas Multiartha Tbk's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Sinar Mas Multiartha Tbk (ISX:SMMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Sinar Mas Multiartha Tbk (ISX:SMMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sinar Mas Land Plaza, Tower I Lt 1 dan 2, Jl. MH Thamrin No. 51, Jakarta, IDN, 10350

Website

https://smma.co.id

PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment manager, banking, development, information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities.

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